You decided to invest P80,000 (P) to a bank. If the interest is compounded daily using the Banker's rule (m-360) at a rate of 0.75% (j), how much interest will you earn after a year?

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42.
You decided to invest P80,000 (P) to a bank. If the
interest is compounded daily using the Banker's rule
(m-360) at a rate of 0.75% (), how much interest will
you earn after a year?
ⒸP800,000.00
O P602.25
P80,602.25
Transcribed Image Text:You decided to invest P80,000 (P) to a bank. If the interest is compounded daily using the Banker's rule (m-360) at a rate of 0.75% (), how much interest will you earn after a year? ⒸP800,000.00 O P602.25 P80,602.25
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